Oberoi Grand Kolkata renovation: 50 keys by Sep 2026

What has changed in the renovation timeline

EIH Limited, the flagship company of The Oberoi Group, has shared a fresh update on the renovation of The Oberoi Grand, Kolkata, one of the group’s marquee hotels in eastern India. Vikram Oberoi, CEO, confirmed that the renovation is progressing well and the company expects 50 keys to be operational by August or September this year. The milestone is positioned as roughly 18 months after the hotel ceased operations.

The update matters for investors and the hospitality sector because The Oberoi Grand is a high-profile luxury asset in Kolkata, and its phased closure affects room inventory, revenue mix, and event business. The company has already disclosed a detailed closure-and-reopening plan under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. That disclosure laid out the sequencing for shutting rooms, restaurants, and banquet facilities, along with the expected duration of each renovation phase.

What EIH had disclosed to exchanges in August 2024

In its regulatory communication dated 6 August 2024, EIH said that The Oberoi Grand, Kolkata would close rooms, suites, and two restaurants as part of the first phase of renovation starting 15 August 2024. It also stated that during this phase, back-of-house areas would be renovated alongside customer-facing spaces. The same disclosure said banqueting would continue to operate initially.

The company informed that banquet facilities would close on 15 March 2025 for renovation. It further said the first phase would be completed in 18 months from 15 August 2024, and the hotel would reopen with 50 rooms and suites, all restaurants, banqueting, upgraded back-of-house facilities, and fully upgraded MEP (mechanical, electrical, and plumbing) infrastructure. The second phase was guided to take an additional 12 months, after which the hotel would have 200 completely renovated rooms and suites.

Latest update from management: 50 keys by August or September

Vikram Oberoi’s latest confirmation indicates the renovation is moving as planned operationally, with the first 50 keys expected to come back by August or September of this year. The company described this as 18 months after the hotel ceased operations.

The phrasing is notable because the hotel’s shutdown was phased. Rooms and restaurants were scheduled to close from 15 August 2024, while banqueting was planned to continue until 15 March 2025. Read alongside earlier disclosures, the current expectation of August or September for the first 50 keys aligns more closely with an 18-month window from the March 2025 banqueting shutdown rather than from the August 2024 room shutdown.

How the shutdown was structured on the ground

EIH’s earlier communication and local reporting outlined how operations were to be maintained and then wound down in stages. While rooms and certain dining outlets were set to close from 15 August 2024, the hotel’s event business was kept running for a period. The Grand Ballroom and the Burdwan and Cooch Behar Halls were expected to remain operational before the scheduled banqueting closure on 15 March 2025.

This phased structure allows a hotel to preserve parts of its revenue stream while renovation work begins, but it also introduces multiple “closure dates” depending on whether one looks at rooms, restaurants, or banqueting as the defining element of operations.

What will reopen in Phase 1 and what comes later

Based on the company’s exchange filing, Phase 1 is designed to bring back a partial inventory along with key guest-facing amenities. EIH has said the hotel would reopen with 50 rooms and suites, all restaurants, banqueting, renovated back-of-house facilities, and upgraded MEP infrastructure.

Phase 2 is expected to take an additional 12 months after Phase 1, following which the hotel is guided to have 200 fully renovated rooms and suites. The company has positioned the renovation as a conservation and restoration effort with modern upgrades, while maintaining the hotel’s historical and architectural integrity.

Where The Oberoi Grand sits in EIH’s owned portfolio

EIH’s disclosure also listed the hotels owned and managed by the company, including The Oberoi, Mumbai; The Oberoi Udaivilas, Udaipur; The Oberoi, New Delhi; The Oberoi, Bangalore; The Oberoi Grand, Kolkata; The Oberoi Vanyavilas, Ranthambhore; Trident, Nariman Point, Mumbai; and Trident, Bandra Kurla, Mumbai.

For investors tracking room-led earnings, a high-profile closure in the owned portfolio can influence reported occupancy, rates, and consolidated operating leverage, especially when renovations overlap across multiple large assets.

What broker commentary has said about renovations and earnings

A brokerage note dated 8 August 2024 said EIH’s operating performance in 1QFY25 was impacted by lower leisure demand due to a heat wave, delays in renovations of the Nariman Point properties (Oberoi and Trident), and weakness in select international properties. It added that consolidated revenue grew by about 6% year-on-year while EBITDA was lower by about 13%, with EBITDA margin down 560 basis points year-on-year.

On operating metrics, the note said RevPAR for domestic hotels (including managed properties) grew by about 3% year-on-year during 1QFY25, while RevPAR of the domestic owned portfolio and the entire domestic portfolio (owned plus managed) grew by 5% and 3% year-on-year, respectively. The same note said it had tweaked estimates assuming partial room closures during renovations over the next two years.

Expansion pipeline: Darjeeling signing and Bengaluru plan

Separately, EIH announced on 15 December 2025 that it signed a management agreement for an Oberoi luxury resort at the Makaibari Tea Estate in Darjeeling. The proposed resort is planned to have 25 keys and is scheduled to open in 2030.

The August 2024 brokerage note also referenced an upcoming expansion under the ownership route at Hebbal lake in Bengaluru, where EIH would construct The Oberoi with 120 keys, Trident with 250 keys, and commercial, retail and F&B space over 0.7 million square feet. The note stated total capex for that project was pegged at ₹13.5 billion and expected to start during FY29.

Key facts table

Market impact: what investors typically track during phased closures

The most direct effect of a renovation-led closure is reduced available inventory, which can flow through to occupancy and revenue metrics, particularly for owned properties. Broker commentary around 1QFY25 explicitly flagged renovations and delays among the factors affecting operating performance, alongside weather-driven demand softness and international property weakness.

From a portfolio perspective, the reopening of 50 keys at The Oberoi Grand can be an important first step because the exchange filing ties Phase 1 to the return of restaurants and banqueting alongside upgraded infrastructure. That combination often supports a broader restart of operations than a room-only reopening, although the final revenue outcome will depend on ramp-up and the pace at which Phase 2 adds renovated inventory.

Conclusion: what to watch next

EIH has already laid out the phased plan for The Oberoi Grand, Kolkata, and management’s latest update indicates the renovation is progressing well, with 50 keys expected to be operational by August or September this year. The next milestones to track are the operational restart of the first-phase inventory and the sequencing for Phase 2, which the company previously guided to take an additional 12 months after Phase 1.